U.S. House of Representatives Passes Comprehensive Telecommunications Reform Legislation;

Aug. 4, 1995

NYNEX CONTACT: Media Relations,
(212) 395-0500

U.S. House of Representatives Passes Comprehensive Telecommunications Reform Legislation;

Consumers Should Expect More

WASHINGTON -- After ten hours of intense debate, the United
States House of Representatives today passed by a vote of 305 to 117
comprehensive, pro-competitive telecommunications legislation that would
significantly alter the communications industry. The legislation, passed
with overwhelming bi-partisan support, will allow local telephone, long
distance telephone and cable-television companies to compete in each
others markets, giving consumers greater choices for their service

The Senate passed its version of telecommunications reform legislation
on June 15, 1995 by a vote of 81-18.

"The House action is good for our customers. It's good for NYNEX. And
it's good for the nation's economy. This bill puts consumers in charge,"
said NYNEX Chairman Ivan Seidenberg. "When this major reform of our
nation's communications policy is finalized, NYNEX will be ready. We'll
be ready to better serve our customers by offering them more services at
better prices. We'll be ready to enter the long distance market by finally
giving consumers real price competition in that market. And we'll be
ready to compete with cable companies and give our customers a choice in
video entertainment providers."

"A fully competitive telecommunications marketplace will stimulate
investment, produce innovative technologies, improve service, drive down
prices and create millions of new jobs," Seidenberg added.

The bill opens the local telephone and cable markets, allowing consumers
to pick the provider of their choice. Local telephone companies, like
NYNEX, will also be able to provide long distance service as soon as the
local telephone market is open to competition. Competition in local
telephone, cable television and long distance communications will result
in lower prices and better quality for both residential and business

The legislation also streamlines regulations to permit NYNEX to offer
video programming to its customers in the Northeast via wireless cable or
a video network.

Competition in the communications market will also have an enormous
impact on the economy of the Northeast. In New York and New England,
187,100 new jobs across all industry sectors will be created as a result
of full and immediate competition in the communications industry.

The House and Senate bills will now be merged into one bill. It is
expected that both Houses of Congress will vote on that legislation
sometime in September, after which it will go to the President to be
signed into law.

NYNEX is a global communications and media company that provides
a full range of services in the northeastern United States and
high-growth markets around the world, including the United Kingdom,
Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland,
Slovakia and the Czech Republic.

The Corporation is a leader in the telecommunications, wireless communications,
cable television, directory publishing
and entertainment and information services.

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